DFM:BHMCAPITAL Cash Flow Statement

Financials in millions AED. Fiscal year is January - December.

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	42.81	37.48	35.34	19.82	12.99	5.77
Depreciation & Amortization, Total	2.57	2.64	2.84	2.77	2.7	2.57
Gain (Loss) On Sale of Investments	-0.38	0.96	0.24	0.5	-0.04	-0.27
Change in Accounts Receivable	-139.81	-22.38	-435.41	-144.59	-2.52	-
Change in Accounts Payable	-55.52	-33.39	144.08	110.44	-12.89	80.06
Change in Other Net Operating Assets	65.3	35.97	-50	-5	-	-39.67
Other Operating Activities	29.27	26.96	5.71	1.32	-0.39	-0.33
Operating Cash Flow	-55.68	46.35	-298.9	-14.88	5.1	48.15
Capital Expenditures	-0.48	-0.48	-0.9	-0.47	-1.29	-0.28
Sale (Purchase) of Intangibles	-0.3	-0.52	-0.19	-	-	-
Investment in Securities	-0.72	-99.59	8.9	-5.67	-2.88	-7.54
Other Investing Activities	11.9	6.69	0.27	-	-	-
Investing Cash Flow	10.4	-93.9	8.08	-1.23	-4.09	-7.78
Short-Term Debt Issued	-	62.41	-	36.7	-	-
Long-Term Debt Issued	-	-	305	-	-	-
Total Debt Issued	83.05	62.41	305	36.7	-	-
Short-Term Debt Repaid	-	-	-	-	-	-24
Long-Term Debt Repaid	-	-21.06	-0.88	-0.72	-0.72	-0.72
Total Debt Repaid	-22.8	-21.06	-0.88	-0.72	-0.72	-24.72
Net Debt Issued (Repaid)	60.25	41.35	304.12	35.98	-0.72	-24.72
Issuance of Common Stock	-	12.98	6.03	-	-	-
Repurchase of Common Stock	-	-	-4.36	-12.65	-	-
Common Dividends Paid	-	-13.44	-	-	-	-
Other Financing Activities	-39.09	-33.12	-9.22	-1.74	-0.12	-0.21
Financing Cash Flow	21.16	7.77	296.56	21.6	-0.84	-24.92
Foreign Exchange Rate Adjustments	-0.43	1.7	4.28	1.23	1.34	0.89
Net Cash Flow	-24.54	-38.09	10.03	6.71	1.52	16.33
Free Cash Flow	-56.16	45.87	-299.8	-15.35	3.82	47.87
Free Cash Flow Growth	-	-	-	-	-92.03%	-18.90%
Free Cash Flow Margin	-40.68%	36.34%	-244.95%	-18.92%	6.02%	121.79%
Free Cash Flow Per Share	-0.29	0.23	-1.62	-0.08	0.02	0.07
Cash Interest Paid	39.09	33.12	9.22	1.74	0.12	0.21
Cash Income Tax Paid	4.16	3.67	-	-	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.